Analytics / Forex News
EUR/GBP hovers over 0.7900 on EMU data
11:23 31 March /2016 Forex
EUR/GBP keeps the 0.7900 area in the wake of the release of flash inflation figures in the euro area.
EUR/GBP bid after data releases
The European cross keeps its daily gains near the 0.7900 after advanced inflation figures in the euro region have matched expectations for the current month, with headline CPI contracting 0.1% on a yearly basis and Core CPI gaining 1.0% over the last twelve months.
Previously, UKs Q4 GDP showed the economy has expanded more than expected, albeit the Current Account deficit climbed to record highs.
EUR/GBP key levels
The European cross is now gaining 0.25% at 0.7905 facing the next resistance at 0.7947 (2016 high Mar.24) ahead of 0.8007 (monthly high Dec.16 2014) and finally 0.8041 (monthly high Nov.19 2014). On the other hand, a breakdown of 0.7826 (20-day sma) would expose 0.7758 (55-day sma) and then 0.7650 (post-ECB low Mar.10).
Trade the nonfarm payrolls & US Employment reports - Live Coverage & Analysis
to other newsall news
Market participants seem to lose faith in Trump's promises and the 'phenomenal agenda' that made him 45th President of the United States. Over the last 4 weeks, the wires have been flooded with attractive headlines that have no correlation with the new US administration actions. Furthermore, as the
00:23 25 February /2017 Forex
The US dollar rose marginally against most of the currencies during the week. The Dollar Index was up for the third week in a row, posting minor gains thanks to a rebound that took place during Friday’s American session. The DXY bottomed at 100.60, hitting
23:23 24 February /2017 Forex